PLUMBERS AND STEAMFITTERS UNION LOCAL 434 (EIN 391905166) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1997

Legal Domicile

Principal Officer

MITCHELL RUNGE

Phone

7156924341

Tax Period

2025-01-01 to 2025-12-31

PLUMBERS AND STEAMFITTERS UNION LOCAL 434, founded in 1997, is a community nonprofit that reported $4.8M in total revenue in fiscal year 2025. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $904K, a strong 19% operating margin.

Mission

PROMOTE/PROTECT MEMBER WELFARE

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $4,802,933

Investment Income $20,197

Other Revenue $0

TOTAL REVENUE $4,823,130

Expense Breakdown

Grants Paid $2,500

Salaries & Benefits $1,066,336

Fundraising Expenses $0

Other Expenses $2,850,453

TOTAL EXPENSES $3,919,289

Year-over-Year Comparison

	2025	2024	Change
Revenue	$4,823,130	$4,358,230	+0.1%
Expenses	$3,919,289	$3,250,719	+0.2%
Net Income	$903,841	$1,107,511	-0.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✓ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$241,517

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MITCHELL RUNGE	BUSINESS MAN	50.00	Officer	$144,179	$97,338	$241,517
RUSSELL BOOS	BUSINESS AGE	45.00	Highest	$124,145	$86,551	$210,696
DOUGLAS POTAPENKO	BUSINESS AGE	45.00	Highest	$124,145	$86,551	$210,696
GREG ERICKSON	BUSINESS AGE	45.00	Highest	$122,297	$86,551	$208,848
TIMOTHY EMERSON	VICE PRESIDE	1.00	Director	$0	$0	$0
MARK HAMSING	EXECUTIVE BO	1.00	Director	$0	$0	$0
JEFFREY ICZKOWSKI	EXECUTIVE BO	1.00	Director	$0	$0	$0
JACOB JOHNSON	EXECUTIVE BO	1.00	Director	$0	$0	$0
SAMUEL RICCI	EXECUTIVE BO	1.00	Director	$0	$0	$0
ROBERT SHORT	INSIDE GUARD	1.00	Director	$0	$0	$0
LUCAS WAYDA	RECORDING SE	1.00	Director	$0	$0	$0
CASEY WESTBERG	PRESIDENT	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$4,823,130	$3,919,289	$9,907,917	$903,841
2024	$4,358,230	$3,250,719	$7,505,791	$1,107,511
2023	$3,981,805	$3,617,777	$6,395,934	$364,028
2022	$3,809,163	$3,187,779	$6,033,059	$621,384
2021	$3,462,546	$3,251,292	$5,411,343	$211,254
2020	$3,917,194	$3,359,332	$5,199,538	$557,862
2019	$3,339,279	$3,034,110	$5,007,997	$305,169
2018	$3,289,736	$2,840,208	$4,760,030	$449,528

PLUMBERS AND STEAMFITTERS UNION LOCAL 434